Mises Institute president Jeff Deist, who was Ron Paul's last chief of staff, delivered an excellent and well-received talk at the Corax libertarian conference in Malta last week.

As usual, though, emotional hypochondria got the better of a small group of left- and establishment libertarians, who are denouncing the speech in hysterical terms.

The speech is so commonsensical, and the reaction on the part of this crowd so perverse and bizarre, that I can't let this episode pass. It's part and parcel of the "Ron Paul is a racist" libertarians who have resented Ron and affiliated institutions ever since being left in the dust after 2007.

So I'm going to play it for you, followed by my commentary. You need to hear it, so you can see for yourself the lengths such folks will go to in order to pretend to be outraged.